• News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Sunday, June 1, 2025
  • Login
Auto Journal Africa
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Ask Autojorunal AI
No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
No Result
View All Result
Morning News
No Result
View All Result
Home News

General Motors closes China plant, pivots to luxury amid $4bn restructuring

Michael Olabode Williams by Michael Olabode Williams
February 22, 2025
in News
0
General Motors (GM)
985
SHARES
11.2k
VIEWS
Share on FacebookShare on Twitter

General Motors is shutting down its Shenyang factory, a key production hub for the Buick GL8 minivan and Chevrolet Tracker SUV. The move marks a shift in strategy as China’s homegrown automakers gain ground, fueled by government incentives and a booming EV market.

The restructuring comes with a hefty price tag. GM reported $4 billion in charges linked to its China operations in Q4 2024, including factory shutdowns. Still, the company posted positive equity income before restructuring costs, hinting at resilience despite the market shift.

READ ALSO

China’s BYD disrupts Europe’s EV market with sub-€20,000 Dolphin Surf

Mansory’s Bonkers convertible G-Wagen makes 820 HP and ditches the roof

GM now aims to double down on premium brands like Cadillac and Buick, targeting affluent Chinese buyers. “These are vehicles that are very desirable for certain Chinese consumers, that we can bring in and have a very successful business,” said CEO Mary Barra at a New York conference last week.

A Shift in Strategy

China, once a goldmine for global automakers, has become increasingly competitive. Local brands like BYD and Nio, bolstered by strong government support, now dominate the EV market, leaving traditional players scrambling to adapt. GM’s long-standing partnership with SAIC Motors will continue, but its focus is shifting.

Instead of competing head-on with budget-friendly Chinese EVs, GM is leaning into its high-end portfolio. Cadillac, Buick, and premium imports will now take center stage, a strategy that mirrors its approach in Europe.

Read more on GM ends $10bn Cruise Robotaxi business dream, shifts focus to core operations

Tags: ChinaChinese EVsGeneral Motors

Related Posts

BYD Dolphin Surf EV
Electric Vehicles

China’s BYD disrupts Europe’s EV market with sub-€20,000 Dolphin Surf

May 22, 2025
Mansory’s Bonkers convertible G-Wagen makes 820 HP and ditches the roof
News

Mansory’s Bonkers convertible G-Wagen makes 820 HP and ditches the roof

May 20, 2025
South Africa offers Tesla tariff deal to secure U.S. trade, Starlink access
Africa

South Africa offers Tesla tariff deal to secure U.S. trade, Starlink access

May 20, 2025
Volkswagen considers Italdesign sale amid European market pressures
News

Volkswagen considers Italdesign sale amid European market pressures

May 19, 2025
Mexican Navy Ship strikes Brooklyn bridge, killing 2, injuring 17
Business

Mexican Navy Ship strikes Brooklyn bridge, killing 2, injuring 17

May 18, 2025
Nigeria’s auto sector
Africa

Stakeholders laud FG’s ‘Nigeria First’ initiative, call it a boon for local auto industry

May 14, 2025
Next Post
Morocco EV factory

Morocco sets bold course to lead green mobility revolution in Africa

POPULAR NEWS

Inferno at Toyota 1000 Desert Race consumes 49 cars

Inferno at Toyota 1000 Desert Race consumes 49 cars

July 3, 2023
Mobius Motors

Mobius Motors: Rising taxes, competition ends Kenyan SUV maker’s journey

August 7, 2024
Autojournal car race

Get ready for the biggest RACE show this December in Nigeria

August 12, 2024
From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

October 25, 2024
Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

August 22, 2023

EDITOR'S PICK

Lewis Hamilton

Vegas GP kicks off: Hamilton dominates as Norris, Verstappen struggle

November 22, 2024
Zahira Bouaouda

Zahira Bouaouda makes history as first woman to lead aerospace company in Morocco

September 10, 2024
Automatic Number Plate Recognition (ANPR)

LASG captured 470,000 traffic violations, served 2 million Blue Line passengers

April 28, 2025
GAC X LASG X Autojournal

GAC X LASG X Autojournal

April 7, 2025

About

Auto Journal Africa is the leading online and print magazine for automobiles in Africa.

Follow us

Recent Posts

  • Toyota transforms RAV4 into all-hybrid SUV starting 2026
  • BMW reveals next-gen superbike concept with 230hp and carbon winglets
  • Tesla loses ground in Europe as EV rivals surge amid cooling sentiment over Model Y
  • Xiaomi rides high on Q1 boom, profits surge 65%

Links

  • Privacy Policy
  • About Us
  • Contact Us
  • News
  • Reviews
  • Events
  • Tools
  • For Sale

© 2023 Auto Journal

No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa

© 2023 Auto Journal

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In